A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest i – McqOptions

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1.	A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is = ?
A.	6%
B.	7%
C.	3%
D.	5%
Answer» B. 7%

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